Which of the following is correct about the total overhead variance? (a) Budgeted overhead and budgeted overhead

Question:

Which of the following is correct about the total overhead variance?

(a) Budgeted overhead and budgeted overhead applied are the same.

(b) Total actual overhead is composed of variable overhead, fixed overhead, and period costs.

(c) Standard hours actually worked are used in computing the variance.

(d) Standard hours allowed for the work done is the measure used in computing the variance.

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: